América Latina

América Latina - Janeiro 2014

Janeiro 2014

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In January, the Latin American transactional market was less active than in previous months, with 118 registered deals compared with 149 recorded in December of last year. Furthermore, Argentina was
surprisingly the second most active country in this region, with 19 deals registered, and followed by Mexico with 17. The most active was Brazil with 50 deals recorded. On the other hand, the investment
volume increased due to the closure of important transactions, which were under negotiations since 2013. Highlights include Repsol's sale of Atlantic LNG, based in Trinidad and Tobago, and of Perú LNG to Shell. The deal value was USD 4.10bn.

Regarding cross-border deals, this month Latin America and Europe strengthened their relations with acquisitions on both sides of the Atlantic. Latin America-based companies made two acquisitions in Europe. Highlights include the acquisition agreement by CSAV, a Chile-based maritime transport company, of a 30% stake in Hapag Lloyd, a Germany-based company in the same line of business. On the other hand, European companies signed 22 acquisition agreements whereas US-based acquirers, a frequent investor in Latin America, made 16 deals.

In the private equity sector, Latin American companies made six investments and one divestment. Highlights include the acquisition closure carried out by private equity Advent International Colombia of a 50% stake in Alianza Fiducidiaria, a Colombia-based financial services firm, held by Colombia-based Compañías DeLima. On the other hand, the venture capital segment was more dynamic, with nine
investments. Oja.la, an online platform that offers educational and training services, carried out a USD 500,000 financial round subscribed by Mexican funds ALTA Ventures, Angel Ventures México, Naranya Ventures, Argentina-based NXT Labs, and several business angels.

Regarding the equity capital markets area, this month was not extremely active, although an important transaction has been closed in Colombia, corresponding to a follow on held by Grupo Aval for nearly USD 1,200m.

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